Trading on geopolitics on March 14-18
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
GBP/USD finds a support
During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline). GBP/USD positively reacted to her comments and jumped by more than 140 pips. At the moment of writing, the cable has been testing the resistance at 1.2250. If this level is broken, the next resistance will lie at 1.23. If bears take over the market, the pair will reverse towards the 1.2108 level. The next key level for bears will be placed at 1.2042.
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Monday started with volatility
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
US unemployment data and the USD
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
Latest news
What Will Bring the Core PCE Price Index Release?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
